KARACHI: Pakistan LNG Limited (PLL) has finalised lowest bids ranging from $6.7/mmbtu to $6.925/mmbtu for eight LNG cargoes to be delivered during April to June 2021, a statement said on Tuesday. It was the first time PLL invited bids on fixed dollar rates instead of percentage of Brent, as was the practice. PLL had received a total of 42 bids…
Read More
On Monday a study showed China generated 53% of the world’s total coal-fired power in 2020, nine percentage points more than five years earlier. China has promised to reduce its dependence on coal and bring emissions of climate-warming greenhouse gas to a peak before 2030 and become “carbon neutral” by 2060. MILAN: Italy’s Eni has agreed a long term liquefied…
Read More
New York — Qatar Petroleum will become the sole owner of Qatargas 1 (QG1) at the start 2022, after deciding not to renew its joint-venture agreements with Total, ExxonMobil, Marubeni and Mitsui, the company said on March 30. QG1 has three processing trains, each with a production capacity of 3.3 million mtpa of LNG and related products. The decision to move…
Read More
ISLAMABAD: The prices of petroleum products may come down by up to Rs5.5 per litre on Wednesday provided the prime minister accepts recommendation of the Oil & Gas Regulatory Authority (Ogra) based on fall in international market. A senior government official told Dawn that Ogra’s summary on price cut had reached the Ministry of Finance that would be taking up…
Read More
Robots could replace hundreds of thousands of oil and gas jobs globally and reduce drilling labor costs by several billion dollars by 2030, if there is an industry push for such a transition, Rystad Energy has found. “Even when the Covid-19 downturn is finally past us, operators will have to continue exploring new avenues for cost reductions to be better…
Read More
Imran Maniar, MD, SSGC visited various facilities of the Company’s Hyderabad Region to apprise himself with the progress of various departments and ongoing projects. This was MD’s first visit to Hyderabad Region since his appointment in last February. Amongst others, during the visit, MD was accompanied by Asad Saeed Khan, SGM (HR), Abdul Waheed Jumani, GM In-charge (Gas Distribution Interior…
Read More
LAHORE: The National Transmission and Dispatch Company Ltd (NTDC) have completed the rehabilitation/up-gradation of the existing 130km long 220kV double circuit transmission line from Jamshoro to KDA-33 (Karachi). The NTDC has completed rehabilitation work ahead of the deadline despite difficulties faced during the COVID-19 pandemic. The transmission line is expected to be energized on or before 31st March 2021. The…
Read More
Saif Power Limited (PSX: SPWL) – a subsidiary of the Saif Group – announced its financial performance for 2020 recently, and just as other IPPs, the key highlight was the decline in utilization levels due to lower dispatches of electricity during the year by the independent power producer. SPWL’s net revenues dipped by 40 percent year-on-year where the utilization levels…
Read More
ISLAMABAD: The Petroleum Division has worked out a policy to convert the Thar Coal to Liquid (CTL) and Coal to Gas (CTG) with huge incentives in form of fiscal package for investors, including 10-year income tax waiver. The policy draft identifies the commercial and regulatory framework in which coal can be converted into synthetic gas and synthetic diesel would help…
Read More
Sindh government spokesperson Murtaza Wahab stressed on Tuesday the need to plant trees, pledging that the Sindh government would work towards increasing green areas in the province. He said this while addressing the media after planting trees at Jheel Park as part of province-wide tree plantation campaign launched by the Sindh government. “Everyone looks for shade, but no one is…
Read More
